JM Financial is planning to launch a $400-$500 million second private equity (PE) fund. The first PE fund, which is worth $200 million, has invested in Genesis Colors, International Tractors and the Sona group. Kampani said, “Talks for the PE fund is in its final stages.”
In retail broking space, the company is planning to open more branches by scaling them up from the present 16 to 30. “This year, about 70% of the business for investment banking will come from the capital market and 30%-35% from M&As,” Kampani added. Source : Financial Express